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Annuities

AIG Failure Fuels Regulatory Turf War

November 2008 - The Federal Reserve's bailout of American International Group has revived the debate about whether the federal government should regulate insurance companies.

Orange You Glad To Be ING?

November 2008 - ING has had better luck in this year's tough variable annuity market than any of its rivals, with sales of $4.03 billion in Q1 and $7.95 billion in Q2.

Morgan Stanley Ready for Electronic VA Sales

November 2008 - A Merrill Lynch rival, Morgan Stanley, has also been aggressive in putting variable annuities on its advisers' workstations.

The STP Pilot: Cleared for Takeoff

November 2008 - In a roundtable discussion sponsored by the DTCC, six executives with stakes in the STP initiative gathered to evaluate its progress.

NAVA Bids Farewell to Mark Mackey: Colleagues and Board Members Share Their Best Wishes

October 2008 - As its first full-time president and CEO, Mackey guided NAVA from a small start-up to a significant force in the variable annuity and retirement income industries.

On the Road to STP: October 2008

October 2008 - Electronic signing of electronic documents produces a truly 'paper-free' STP process, which will reduce errors, compress process time, and assure a transparent, expeditious, and error-free outcome.

NAVA Chairman Clifford Jack Offers a Special Welcome to New President

October 2008 - For more than 10 years, Cathy Weatherford provided exemplary leadership for the National Association of Insurance Commissioners (NAIC).

NAVA Welcomes Catherine J. Weatherford as New President: Former CEO of National Association of Insurance Commissioners (NAIC)

October 2008 - After a successful 12-year tenure as EVP and CEO of NAIC, and with long experience in insurance regulation, government, and public policy, Weatherford is poised to move NAVA forward.

Research Watch

October 2008 - A 'perfect storm' of economic forces makes lifetime income annuities a smart move for women, according to a Wharton Financial Institutions Center essay.

Annuity Providers Face a Challenge: Advisers' Aversion

October 2008 - Chicago-based Spectrem Group found that 70% of advisers avoid locking their clients into annuities and would prefer other long-term retirement products.

Executive Moves

October 2008 - Stephen Pelletier has been named president of Prudential Annuities, replacing David R. Odenath.

On the Road to STP

September 2008 - Developed by IBM and NAVA, the STP Reference Model provides a framework for implementing the NAVA STP Standards by annuity distributors and insurance carriers.

Guaranteed Income Riders in DC Plans

September 2008 - Insurance company record keepers have begun to provide guaranteed income riders as a new investment choice on their group annuity 401k platforms.

The Loud Snorer Down the Hall

September 2008 - Here are some of the opinions about proposed SEC Rule 151A expressed over the phone and on the SEC website by aggrieved indexed annuity partisans.

Why Small Banks Overlook Annuities

September 2008 - Community bankers are trailing their bigger brethren in offering annuities, a fee-rich product that consumers flock to in uncertain times.